Tropicana Corporation Berhad Annual Report 2019

16. INVENTORIES (CONT’D.) (b) Property development costs Group 2019 2018 RM’000 RM’000 Cost At 1 January 1,537,766 1,355,065 Development costs incurred 161,972 428,173 Land costs – 217 Transfers (to)/from: Land held for property development (Note 16(a)) (389,031) 15,525 Investment properties (Note 17) (525,742) (44,969) Property, plant and equipment (Note 15) (50,111) 219 Completed development properties (155,405) (105,467) Contract cost assets (Note 25) (139,076) (110,997) Write off (Note 9) (16,996) – At 31 December 423,377 1,537,766 Finance costs capitalised during the financial year under property development costs amounted to RM42,119,000 (2018: RM28,475,000). (c) Land held for sales Group 2019 2018 RM’000 RM’000 Cost At 1 January – – Acquisition of subsidiaries 74,884 – Disposal (Note 5) (13,484) – Transfer from land held for property development (Note 16(a)) 69,950 – At 31 December 131,350 – Certain inventories with carrying amount of RM1,737,409,000 (2018: RM1,168,656,000) are pledged as securities for bank borrowings as disclosed in Note 32. pg 173 Tropicana Corporation Berhad Annual Report 2019 Sustainability at Tropicana What We’ve Governed Financial Statements & Other Information